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Edenville Energy inks 2 Washed Thermal Coal Supply Contracts

Coal News - Published on Fri, 13 Dec 2019

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AIM quoted Edenville Energy Plc announced the signing two contracts to supply up to 6,000 tonnes per month and up to 3,000 tonnes per month respectively of washed coal from the Rukwa Coal Project in Tanzania to industrial customers in Rwanda and Uganda.

The up to 6,000 tonnes per month contract has been signed with a Rwandan company, Tara Group Ltd, which is a wholly owned subsidiary of Tanzanian company, Kitanyoe Group Company Ltd, which currently supplies coal, gypsum, limestone and calcite to industrial users. The end user for the Company’s coal is expected to be a major cement manufacturer in Rwanda.

The up to 3,000 tonnes per month contract has been signed with a Ugandan company, Springwood Capital Ltd, with the expected end user being a Kampala based steel works. As with the Tanzanian agent, Springwood supplies limestone, gypsum, calcite and iron ore to consumers in Uganda and Kenya.

In aggregate these two new contracts represent a supply of up to 9,000 tonnes per month, which accounts for approximately 75% of the current capacity of the recently refurbished wash plant. The new contracts will also complement the existing long-term contracts.

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Posted By : Rabi Wangkhem on Fri, 13 Dec 2019
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